• KODA SUCCESSES

Koda Business Successes

  • Suburban Manufacturing Company

    Acquired by KODA in the 1980’s, Suburban Manufacturing Company, the largest provider of appliances (heaters, ranges and water heaters) to the recreational vehicle industry was sold in 1998 to Citicorp Ventures in New York.

  • Adapco

    KODA purchased Adapco in 1997 and through three subsequent strategic acquisitions, grew the company to be the number one provider of services, equipment and chemicals to the Vector Control Industry and was sold to Calvert Street Capital Partners in 2006.

  • Nivel Parts & Manufacturing Company

    In 1998, KODA acquired Nivel Parts & Manufacturing Company and over our seven years of ownership, doubled the size of the business to become the number one provider of replacement parts to the golf cart aftermarket and was sold to Sentinel Capital Partners in 2004.

  • Unigard

    Unigard (a division of the Monson Companies) was a leading producer of automotive aftermarket fluids including antifreeze and windshield washer fluid. The division was sold in 2001 to a strategic buyer that wanted to capitalize on the Unigard brand to enhance its product offering.

What people who have worked with us have to say

“I sold my company to KODA because it was finally time to concentrate on those aspects of the business I enjoyed doing, especially nurturing the business relationships that were so important to me. In seven years with KODA, it’s been an exciting time.

Literally, everything has been fulfilled, far exceeding my expectations. It’s been a fine marriage. If I had to sell the business again, I’d sell it again to KODA.”

C. John Ebbrecht, Jr.Vice President / Business Development, Monson Companies, Leominster, Massachusetts

“The big thing is that KODA does not have a formal exit plan. They will keep a company as long as they want. Most other buyers have an X number of year window – 3 to 5 years and they are out.

They (KODA) were very concerned about my employees. They allowed me to keep doing everything I previously had done to continue the growth of Nivel.”

Mr. McGrogan sold Nivel to KODA in 1998 and stayed on as President until KODA sold the company to a financial buyer in 2004.

Patrick McGroganFormer President, Nivel Parts & Manufacturing Company Jacksonville, Florida

“The great thing about working with KODA is that they insure your independence. They know who knows the company better – the employees that are here. The thing that impressed me the most was the respect for the company’s culture. They did not come in and change anything – they just enhanced it. They believe that the management should have strong financial initiatives where they play in part of the process. They are committed to a positive relationship with the management team.”

Mr. Mitchell sold ProAir to KODA in 1998 and currently serves as President of the company.

Dennis MitchellPresident, ProAir, LLC, Elkhart, Indiana

“I think within 60 days, they had bought our company. And that was the thing that impressed us most – they were able to act very quickly to get where they wanted to go. And I think that followed through – everything over the years that we did with them – they had an ability to move quickly which really allowed us to take advantage of some situations as they occurred that resulted in outstanding results for the company.

We also grew very well under KODA – with their backing and advice. When we sold to them we were doing $12 million in revenues, and we ended up at north of $50 million.”

Mr. Wooldridge sold Adapco to KODA in 1997 and stayed on as President through the sale of the business to a financial buyer in 2006. Mr Wooldrige continues to run Adapco today.

Allen WooldridgePresident, Adapco, Inc., Sanford, Florida
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